SYDNEY, Nov 25 (Reuters) - Canada's Saputo Inc
declared its A$505 million ($463 million) bid for Warrnambool
Cheese and Butter Factory Co unconditional on Monday
and said it would hike its offer if it won control of
Australia's oldest dairy maker.

The revised bid increases the pressure on rival bidder
Murray Goulburn Co-operative Ltd, which has said it is
considering increasing its offer that is conditional on securing
approval from competition regulators.

But with Murray Goulburn, Bega Cheese Ltd and
Kirin Holdings Co Ltd's Australian food and beverage
business all holding significant stakes in Warrnambool, analysts
warned the prospects for a successful resolution to the
three-month takeover battle looked remote.
Continued...